Ferretti Group and Weichai Group: A Remarkable Turnaround Story

The Ferretti Group, a renowned Italian yacht manufacturer, has seen a remarkable turnaround in its fortunes thanks to a strategic partnership with Weichai Group, a leading Chinese company. In 2012, Weichai Group's intervention saved Ferretti Group from bankruptcy, securing thousands of jobs and preserving a vital sector of the Italian economy.

Over the years, Ferretti Group has undergone significant restructuring and collaboration efforts, propelling it from near collapse to a position of strength. Today, it stands as a beacon of success, being the first company to be listed on both the Hong Kong and Milan stock exchanges. With over 4,000 families benefiting from its operations, Ferretti Group plays a crucial role in supporting the local economy in Italy.

Recently, Ferretti Group Chairman Tan Xuguang visited the company's shipyards in La Spezia, Ravenna, and Forli, underscoring the importance of sustainable operational practices. Engaging with key personnel, including technical experts and production staff, Tan Xuguang emphasized the need for enhanced collaboration and efficiency within the organization.

The partnership between Weichai Group and Ferretti Group has not only been successful but has also set a new standard for Sino-Italian business cooperation. This collaboration has not only yielded impressive results but has also paved the way for mutual growth and development, showcasing the power of international partnerships.

The story of Ferretti Group's resurgence with the support of Weichai Group serves as a testament to the transformative potential of strategic partnerships. By combining expertise and resources from different corners of the globe, these two companies have not only saved a business but have also created a model for successful cross-border collaboration. Their journey highlights the importance of innovation, resilience, and cooperation in achieving sustainable growth and prosperity.